Press Release
Sportradar (Nasdaq: SRAD) is going to shock analysts in Q2 off the back of UEFA EURO 2024, ATP and Cricket: $22.91 Price Target!
By Gerry Rodriguez
Sportradar (Nasdaq: SRAD) is set for a strong Q2, fueled by major sporting events like UEFA EURO 2024 and the ATP, with expected revenue surpassing Q1’s €266 million. The company’s innovative products, revenue share model, and key hires in technology are driving growth, leading analysts to project a target stock price of $22.91, well above the current $11.07. Sportradar is poised for long-term success in the expanding sports betting market.
Key Insights
- Increased interest and solid margins across EURO 2024 and Indian Premier League key to underestimated profits for SRAD with their revenue share model
- Huge volume of ATP matches and new products to power revenues versus 2023
- Robust business model to take advantage of tailwinds in Brazil
- Two key hires are expected to have immediate impact
- DCF model shows $22.91 target stock price vs. current $11.07
Revenue Soaring
Every shareholder of large bookmakers such as DraftKings (Nasdaq: DKNG) knows to look out for seasonal revenues relating to the Superbowl or Stanley Cup Finals. But SRAD – which delivered €266m 2024 Q1 revenues and “Betting Technology & Solutions” 2024 Q1 revenue of €219m – is in fact tied to the growth of sports betting globally.
SRAD Q1 2024 Earnings Presentation: https://investors.sportradar.com
SRAD Q1 2024 Earnings Presentation: https://investors.sportradar.com
There was very encouraging news for investors in Q1 with 28% YoY growth across the business and an eye-opening 35% YoY increase for the Betting Technology & Solutions vertical. This is somewhat close to DKNG’s 53% as per their Q1 2024 earnings. The latter is able to increase off the back of expensive customer acquisition and marketing which led to a repeated net loss in Q1 of $143m. This is in stark comparison to SRAD’s 19% Adjusted EBITDA margin and a 2023 net profit margin of 3% or €7m, and €275 million cash and cash equivalents / €220 million undrawn credit facility, compared to €460 million in Q1 2023.
Having established Q1 was a rip-roaring success, what is expected in Q2?
Revenue in the second quarter of 2023 increased 22% to €216.4 million compared with the second quarter of 2022 and above Q1’s figure of €208m. Therefore, we can expect 2024’s Q2 to be slightly higher than Q1’s €266m. But, there are a number of sporting events which could drive these revenues higher:
- EURO 2024 – Darren Small, SVP of Managed Trading Services said the following in an interview after the tournament finished:
“Overall, the tournament was good for us. We saw a very low-scoring tournament, particularly from some of the most favoured teams. I don’t even think France managed to average a whole goal out of the games. I think they averaged around 0.67 goals a game. The same thing with Cristiano Ronaldo not scoring many goals in open play. In fact, from a betting perspective, they probably were the two of the heaviest-backed teams and individual top goal scorers in the competition.”
These figures may not have been taken into account by investors as SRAD’s Managed Trading Services are overlooked in favour of their traditional subscription service data products.
- Indian Premier League (cricket) & Cricket World Cup – there is reason to believe SRAD over-performed versus expectations.
LinkedIn: Link
In addition to the Indian Premier League, the Cricket World Cup featured an exciting contest and whilst favourites India prevailed, there is sure to have been betting profits made.
- ATP – SRAD’s jewel in the crown is going to bring new revenue versus 2023, having won the rights from competitor IMG Arena late last year. What’s even more encouraging is the products which have been built to complement the comprehensive betting coverage. In March 2024, SRAD launched 4Sight. According to SRAD:
“In essence, the technology overlays ultra-fast data into live streams, delivering a continuous flow of engaging statistics that appear in real time, from serve speed and ball bounces, to total shots in each rally.”
- WNBA – and what about superstar Caitlin Clark, driving incremental revenues via SRAD’s NBA partnership? How could we forget this 10 year partnership and even embedding betting solutions within NBA’s League Pass.
With Q2 revenues likely secured off the back of significant rights deals and good performance in marquee tournaments, let us turn our attention to personnel.
Wise Heads
In May, SRAD announced two significant additions to its roster – CFO Craig Felenstein and Chief Technology and Artificial Intelligence Office Behshad Behzadi.
SRAD Q1 2024 Earnings Presentation: https://investors.sportradar.com
These hires signal both a maturity and an investment in the future. Both are expected to create immediate value in terms of SRAD’s business model and galvanising the company to think BIG.
This comes off the back of restructuring in January:
“By centralizing our key business functions, we will foster greater collaboration and faster decision making, enabling us to drive further operating efficiencies and increased innovation across our business,” Sportradar CEO Carsten Koerl said in a statement. “These decisive steps will enable us to better serve our clients and partners as well as capture the significant market opportunities ahead of us.”
With SRAD relying on both its People, sporting tailwinds, its technology and a nod to AI, the future is certainly bright.
DCF Model
Based on all available information, we are able to build a DCF model, reflecting the historical and continued growth in revenue and EBITDA for SRAD.
SRAD DCF model – EPS by analyst DC
SRAD DCF model – stock price output by analyst DC
For Sportradar, net margins are rising quickly from a low point and could benefit from a number of factors, not least of which is the current summer’s schedule of important sporting events. Given the rapid expansion of the US betting market, the firm is especially well-positioned to take a larger portion of this market. Sportradar’s leading position in the rapidly expanding sports betting business makes us think that the management team’s expectations of double-digit revenue CAGR through the end of the decade—driven by market expansion, new markets, new products, and improved product penetration—are realistic. In addition, we think that when Sportradar grows in the US, EBITDA margins will probably rise from 20% to 25%.
All things considered, we think Sportradar provides investors with long-term exposure to the quickly expanding sports betting market with a pure-play potential through a successful B2B operating model that is mostly subscription-based (around 76% of revenue). With a 20% two-year adjusted EBITDA CAGR, a robust balance sheet (with $240 million in cash versus debt and 98% equity as a percentage of total capital), $200 million in planned share repurchases for 2024, increased operating leverage in subsequent years, and a fair valuation in light of its growth prospects and comparable companies, the company has one of the strongest growth profiles in its industry.
Conclusion
We have a stock that is undervalued and misunderstood. We predict a lucrative Q2 driven by SRAD’s betting revenue share sales model, restructuring of the business in Q1 and a very resistant business with a significant moat for future years.
Links:
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Switzerland-Based Investment Firm Launches JoinX Capital to Discover, Empower, and Develop Undervalued Trading Talent
Genève-based investment firm launches JoinX Capital – a brand seeking to locate, screen, and transform aspiring traders into professionals via its affiliate website JoinX, using an array of proprietary AI tools, financial education, cutting-edge resources, and a structured path to success with large simulated demo accounts. JoinX Capital aims to become a fintech hub, empowering individuals to hone their skills and achieve remote financial stability as part of the brand’s pool of top trading talent.
An Overview of Proprietary Trading
Proprietary trading, or “prop trading,” is a model where firms provide capital for traders to manage, focusing on generating returns from market opportunities rather than managing external client funds. This unique setup allows traders the freedom to develop and refine their strategies without the constraints of client-driven financial restrictions, while adhering to strict risk-management rules set by the firm.
Unlike retail trading, which requires individuals to risk personal capital, proprietary trading provides access to substantial resources, such as advanced tools, education, and mentorship. These elements create an ecosystem where traders can succeed based on merit and skill, making it a compelling opportunity for both newcomers and seasoned professionals in the financial markets.
The Process of Screening Trading Talent
A hallmark of proprietary trading is its structured recruitment process, which uses trading challenges or evaluation periods to identify skilled individuals. These challenges, operated by the affiliated company JoinX, simulate real trading environments, allowing firms to assess participants’ risk management abilities, decision-making under pressure, and consistency in generating profits.
The challenges serve as both a gateway and a training mechanism. They test traders’ technical knowledge and emotional discipline, evaluating performance under simulated live market conditions, ensuring that only the most capable individuals progress to become industry professionals.
Additionally, these challenges foster a growth mindset among participants. The feedback provided during these trials helps traders identify areas for improvement, whether it’s refining their strategies or better understanding market dynamics and trading psychology. For many, this structured approach offers a clearer and more supportive path to professional trading than self-directed retail trading, which can often be a solitary and high-risk endeavor.
Empowering Undervalued Talent
One of the key barriers for independent traders is the lack of substantial liquidity. Without sufficient capital, even the most well-designed trading strategies might fail to produce meaningful yields. Proprietary trading firms address this issue by giving traders access to significant simulated funds, allowing them to scale their operations and realize the full potential of their strategies.
Beyond virtual capital, prop trading firms provide essential resources such as advanced trading platforms, market analytics, and access to data that retail traders may find prohibitively expensive. These tools assist traders in making informed decisions and adapt to the rapidly changing landscape of financial markets.
For skilled traders, this access represents more than just financial support; it’s a springboard to professional growth. By focusing on trading performance without the limitations of personal financial risk, traders can concentrate on developing their skills, experimenting with new strategies, and achieving consistent profitability.
The Rise of the Digital Nomad Trader
The rise of technology and connectivity has revolutionized the trading industry, making it more accessible to a global audience. Today, proprietary traders can work remotely, leveraging online platforms and real-time market data to execute trades from anywhere in the world. This shift has aligned seamlessly with the digital nomad lifestyle, where professionals work while traveling or living in various parts of the globe.
Prop trading firms play a significant role in enabling this lifestyle. By providing remote-friendly tools and virtual training, these firms allow traders to pursue financial flexibility without being tied to a specific location. This independence has not only broadened the appeal of trading as a career but also created opportunities for individuals in regions with limited access to traditional financial institutions.
Technology’s Role in Transforming Proprietary Trading
Modern proprietary trading firms rely heavily on technology to stay competitive in an increasingly data-driven environment. Artificial intelligence, machine learning, and advanced analytics have become integral to the prop trading model. These technologies provide traders with powerful insights, enabling them to identify patterns, assess risks, and execute strategies with precision.
Trading platforms are now equipped with sophisticated tools for backtesting, real-time data visualization, and fast execution. These features enhance traders’ efficiency by allowing them to focus on strategic decision-making while minimizing manual tasks.
Furthermore, technology facilitates transparency and accountability. Firms can monitor traders’ performance in real time and provide fast feedback, ensuring adherence to risk management protocols and ethical standards. This creates a win-win scenario where traders are supported by cutting-edge systems while firms maintain control over their capital.
A Pathway to a New Career
Proprietary trading offers a unique opportunity for individuals to achieve financial independence. By eliminating the need for personal capital and providing a structured environment for growth, it lowers the barriers to entry for aspiring traders. The combination of mentorship, resources, and access to liquidity enables participants to build sustainable careers, even in a competitive market landscape.
For many, prop trading represents more than just a career; it’s a chance to redefine their relationship with work. The flexibility of remote trading, coupled with the potential for substantial earnings, has made it an attractive option for those seeking autonomy and financial stability.
JoinX Capital: A Hub for Innovation and Talent Development
At the forefront of this transformation is JoinX Capital, a brand committed to empowering traders with the tools, education, and resources they need to succeed. By leveraging proprietary AI technology and creating a structured path for skill development, JoinX Capital aims to redefine the standards of proprietary trading.
As a fintech hub, JoinX Capital combines innovation with a deep commitment to talent discovery and empowerment. Its focus on fostering a global pool of skilled traders underscores its mission to make financial independence accessible to individuals worldwide.
Author
David Farkas
JoinX Capital
Media Contact
Company Name: Dunaportal 2010 kft.
Contact Person: David
Email: ldawolf@gmail.com
Country: Hungary
Website: https://joinx.me/index.html
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
2025 Small Payment Response Plan and Countermeasures through ZeroPayBank
.
South Korea, 14th Jan 2025 – A varied ecosystem emerges from the micro-payment industry by 2025 Zeropaybank and other platforms that have moved beyond functioning as intermediaries now provide financial tools. These are the tools that enable people to monitor, manipulate and exchange credits effortlessly. The move reflects a broader trend of rising demand for rapid and transparent cash conversion.
1. Micro-Payments Ecosystem Also On The Rise
A varied ecosystem emerges from the micro-payment industry by 2025 Zeropaybank and other platforms that have moved beyond functioning as intermediaries now provide financial tools. These are the tools that enable people to monitor, manipulate and exchange credits effortlessly. The move reflects a broader trend of rising demand for rapid and transparent cash conversion.
Highlights:
Ease of use: Centralized, familiar tools
Better integration with other financial services.
Concerns:
It can be overwhelming with the complexity of how tools intertwined.
However, this might in turn result more of a reliance on certain platforms prompting centralization.
2. Greater Emphasis on Security
With a growing digital financial landscape comes an increase in risk. Zeropaybank and the like — 2025: Platforms such as Zeropaybank have also stepped up their security game with sophisticated encryption, biometric authentication, and fraud detection algorithms. Security: It’s Not A Feature, It Is Just Necessary.
Why This Matters:
It allows us to shield users from the rapidly advancing scams.
Establishes trust in digital financial services.
Challenges:
More robust security levels can translate to a slower experience for the end user.
Some platforms could require more personal information to verify you.
3. Personalized User Experience
Personalized solutions are being provided through AI and data analytics by the platforms For instance, Zeropaybank can now suggest the ideal time for users to cash out certain credits after analyzing market trends or user behavior.
Advantages:
It increases user satisfaction when users receive advice that is specific to their own needs.
Allows the users to maximize returns.
Drawbacks:
This is how a user comes to have different expectations from those modeled by the AI system.
M over-personalization is intrusive.
4. GROWING DEMAND FOR THE HYBRID PLATFORMS
Hybrids with services like investment or savings along with micro-payment conversion are on the rise. Such platforms (e.g., Zeropaybank) are striving to provide additional value by combining functions.
Benefits:
Operators can Perform multiple financial tasks at one place.
Long term financial planning encouraged
Risks:
The first disadvantage is that hybrid platforms might have higher fees.
That complexity could turn off people who just want a simple service.
5. Regulatory Changes
Fraud prevention and increased transparency are driving regulatory changes globally, with more scrutiny on digital transactions. This safeguards users but also imposes a level of oversight on platforms and clients.
Positive Impact:
Reinforces the credibility of micro-payment plaforms
Give the users a safer transaction.
Negative Impact:
It might be a fair bit of bureaucracy for the user.
Other initiatives with smaller platforms might not meet the standards for compliance at all.
6. Broadening the payment spectrum
With the advent of 2025 platforms are opening up to new payment methods other than classical credit cards or bank transfers as revenue models. As we move towards a cashless lifestyle, cryptocurrencies coupled with digital wallets are becoming common practice.
Opportunities:
Improves flexibility and accessibility
Fosters cross-border transaction capabilities
Limitations:
Volatility is also one of the hallmark features associated with cryptocurrencies.
Additional fees might apply when using certain payment methods.
7. Transparency as a Standard
There is no way back from 2025 on that Transparency is optional. Zeropaybank and other such companies concentrate on uncluttered fees, tracking user data in real-time, as well as hatching out skeletons of transactional events to inject a sense of trust amidst users.
Why It Works:
Users can make more confident decisions.
Aid users in making smart and effective planning.
Areas to Watch:
Linear X-ray services are often bewildering.
In fine print which could still be an industry standard for some platforms to try and bury fees.
8. User Education
To get a better understanding of micro-payment cash conversion, platforms are offering educational resources to users. Services such as Zeropaybank aim to educate users through Webinars, tutorials and guides.
Benefits:
Decrease the number of mistakes, by removing doubts.
Good for Beginners: Easy to get started and learn.
Drawbacks:
The educational materials may not discuss all of the scenarios.
Time Given to Learn
9. MORE PLATFORM COMPETITION
As platforms increase, users get more choices but in a way, they have to choose too much. Market competition forces innovation; but it also cons the wary shopper.
Positives:
Calls for platforms to raise services and lower fees
Allows users to pick their choice.
Negatives:
The Paradox of Choice can be a real creativity killer.
Platforms may have less existing credibility
10. Why Community Feedback Matters
A huge part of what helps people decide which platforms to use is user reviews and community discussions. Success stories like Zeropaybank are typically shared through word of mouth.
Why It Helps:
We tell real world experiences and give practical advice.
Compares and contrasts platforms’ strengths and weaknesses.
Risks:
Fake or bias reviews
Reliance on Reviews Can Outweigh Personal Judgment
These 2025 trends, along with the cautions presented above will empower users to make an informed decision in micro-payment cash conversion. Zeropaybank and other such platforms provide powerful solutions, but not always sophisticated enough to manage preconceived notions of patient behavior.You can find out more about this at https://zeropaybank.com
Media Contact
Organization: Zeropay bank
Contact Person: Zeropay bank
Website: https://zeropaybank.com
Email: Send Email
Contact Number: +82232488978
Address: 194-1, Jungang-ro, Gunsan-si, Jeonbuk-do, Republic of Korea
Address 2: 12-11
City: Jeonbuk-do, Republic of Korea
State: 194-1, Jungang-ro, Gunsan-si, 12-11
Country: Korea South
Release Id: 14012522567
The post 2025 Small Payment Response Plan and Countermeasures through ZeroPayBank appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Granted by Grace Presents Innovative Grace Acacia Cutting Board with Smart Meal Kitchen Prep Station
Press Release Summary – Granted by Grace Launches Grace Acacia Cutting BoardGranted by Grace has introduced the Grace Acacia Cutting Board, an innovative kitchen prep station designed to simplify cooking and meal organization. Featuring built-in storage bins, four stainless steel graters, juice grooves, plastic meat prep sheets, and anti-slip feet, this cutting board streamlines meal prep, making it more efficient and mess-free.Founder Amanda Ground was inspired by her experience cooking with her children and wanted to create a solution that reduces kitchen clutter while improving workflow. The Grace Acacia Cutting Board allows users to slice, slide, and store ingredients seamlessly, making it perfect for families, busy home cooks, and outdoor gatherings.For more details, please refer to the full press release
California, United States, 14th Jan 2025—Granted by Grace, a maker of kitchen products, today announced the launch of its innovative Grace Acacia Cutting Board. The cutting board is designed to simplify cooking. It features superior craftsmanship and thoughtful design to make prepping and cooking a pleasure, save time, and ease cleanup.
“We designed the Acacia Cutting Board with containers and lids to be the most innovative and forward-thinking meal prep solution that makes everyone’s lives easier,” said Amanda Grounds, founder of Granted by Grace. “The Acacia Cutting Board and meal prep station helps families who love preparing and eating meals together. It is especially helpful for larger families with children, who will benefit from planning meals like tacos salad or pizza ingredients in advance.”
The Grace Acacia Cutting Board comes with built-in storage bins, four stainless steel graters, juice grooves, designated plastic meat prep sheets, and anti-slip feet. Two included plastic prep mats protect the board surface during meat preparation. A juice catcher prevents messy spills.
The cutting board is designed for durability. It can withstand daily chopping and slicing without warping or cracking. Busy people will find that their meal prep is so much more efficient when they can slice, slide and store prepped ingredients into its four containers through a built-in “drop-zone.” Using the Grace Acacia Cutting Board, chefs can bring an entire meal outside to the patio or for picnics without having to juggle bags or trays.
Amanda Grounds loves being in the kitchen. It was her experience making pancakes with her kids and prepping meals after long days, however, that inspired the Grace Acacia Cutting Board with containers. As she explained, “Over time, cooking became a stressful chore, cluttering counters, with scattered ingredients, and endless cleanup. When I saw my child struggling to keep a cutting board from slipping while slicing fruit, I thought why is meal prep always such a hassle. I know that you can put a moist dish towel under cutting boards to keep them from slipping, but we need containers to separate the foods. That is why this cutting board is so great.”
For more information visit
https://www.amazon.com/Acacia-Cutting-Board-with-Containers/dp/B0BTQM4YYQ
Media Contact
Organization: Granted By Grace
Contact Person: Amanda Grounds
Website: https://www.amazon.com/Acacia-Cutting-Board-with-Containers/dp/B0BTQM4YYQ
Email: Send Email
State: California
Country: United States
Release Id: 14012522581
The post Granted by Grace Presents Innovative Grace Acacia Cutting Board with Smart Meal Kitchen Prep Station appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
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